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Menfi backs National Reconciliation Charter, declares January 7 Libya’s Peace Day

Libya’s Head of the Presidential Council, Mohammed Menfi endorsed the National Charter for Reconciliation, marking a strategic milestone in the country’s pursuit of stability and social cohesion. The endorsement was made in Tripoli on Wednesday, in the presence of members of the Supreme Council for Peace and National Reconciliation and representatives of diplomatic missions accredited […]

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]

UN report sees better prospects for African growth in 2025

The UN Department of Economics and Social Affairs predicts an improvement of overall African growth in 2025 to 3.7% from 3.4$, despite global stagnation. “Economic growth in Africa is projected to strengthen… driven by recovery in the region’s largest economies,” the report says. However, “Central Africa lags behind due to stagnating oil production and political […]